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Equity Residential  (EQR)
Other Ticker:  
 
 
Price: $66.7100 $0.75 1.137%
Day's High: $66.84 Week Perf: 1 %
Day's Low: $ 65.66 30 Day Perf: -1.27 %
Volume (M): 1,288 52 Wk High: $ 69.45
Volume (M$): $ 85,916 52 Wk Avg: $61.98
Open: $65.83 52 Wk Low: $52.57



 Market Capitalization (Millions $) 26,107
 Shares Outstanding (Millions) 391
 Employees 2,400
 Revenues (TTM) (Millions $) 2,846
 Net Income (TTM) (Millions $) 712
 Cash Flow (TTM) (Millions $) 228
 Capital Exp. (TTM) (Millions $) 385

Equity Residential

Equity Residential ('EQR'), formed in March'1993, is a fully integrated real estate company engaged in the acquisition, development, ownership, management and operation of multifamily properties.'EQR has elected to be taxed as a real estate investment trust ('REIT').

The Company is one of the largest publicly traded REIT's and is the largest publicly traded REIT owner of multifamily properties (based on the aggregate market value of its outstanding Common Shares, the number of apartment units wholly owned and total revenues earned).'The Company's corporate headquarters are located in Chicago, Illinois and the Company also leases (under operating leases) approximately thirty-five divisional, regional and area property management offices throughout the United States.

The Company seeks to maximize both current income and long-term growth in income, thereby increasing:

''the value of the properties;

''distributions on a per Common Share basis; and

''shareholders' value.

The Company's strategies for accomplishing these objectives are:

''maintaining and increasing property occupancy while increasing rental rates;

''controlling expenses, providing regular preventive maintenance, making periodic renovations and enhancing amenities;

''maintaining a ratio of consolidated debt-to-total market capitalization of less than 50%;

''strategically acquiring and disposing of properties, with an emphasis on acquiring attractive properties in high barrier to entry markets and on selling properties in low barrier to entry markets;

''purchasing newly developed, as well as co-investing in the development of, multifamily communities;

''entering into joint ventures related to the ownership of established properties; and

''strategically investing in various businesses that will enhance services for the properties.

Competition

All of the properties are located in developed areas that include other multifamily properties.'The number of competitive multifamily properties in a particular area could have a material effect on the Company's ability to lease units at the properties or at any newly acquired properties and on the rents charged.' The Company may be competing with other entities that have greater resources than the Company and whose managers have more experience than the Company's managers.'In addition, other forms of rental properties and single-family housing provide housing alternatives to potential residents of multifamily properties.'



   Company Address: Two North Riverside Plaza Chicago 60606 IL
   Company Phone Number: 474-1300   Stock Exchange / Ticker: NYSE EQR
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AIV   -1.22%    
AVB        1.28% 
MITT        2.23% 
SPG   -2.11%    
WY   -1.26%    
LEN   -0.21%    
• View Complete Report
   



Business Update

Equity Residential Stands Tall with Strong Revenue Growth and Profitability Amidst Mark...

Published Wed, May 29 2024 5:16 AM UTC

Equity Residential Outperforms Competitors with Strong Revenue Increase and ProfitabilityEquity Residential, a leading real estate investment trust (REIT) specializing in multifamily properties, has announced its operating update and strong financial performance. The company's President and CEO, Mark J. Parrell, along with other senior management members, will be participati...

Management Changes

Equity Residential Strengthens Board with New Appointments but Faces Decline in ROI, Prompting Concerns for Financial Performance.

Published Tue, Mar 19 2024 8:15 PM UTC

Equity Residential Appoints New Trustees to Board and Experiences Decline in ROI
Equity Residential, a leading real estate investment trust based in Chicago, has announced the appointment of Ann C. Hoff and Nina P. Jones to the company's Board of Trustees. Both individuals have been recognized as independent trustees under the listing standards of the New York Stock Exch...

Dividend

Equity Residential Boosts Dividends and Trends Higher as Confidence Builds in ShareholdersnNote: The title has been altered to be more compelling and captivating to readers.

Published Thu, Mar 14 2024 8:15 PM UTC



Equity Residential, a renowned real estate investment trust (REIT), made an important announcement today regarding its quarterly dividends. The company's Board of Trustees declared a regular common share dividend of $0.675 per share for the first quarter of 2024. With an annualized dividend of $2.70 per share, this marks a 2% increase from the previous year. Furthe...

Dividend

Equity Residential Announces Q4 Dividends Amidst Encouraging Stock Market Performance

Published Thu, Dec 14 2023 10:00 PM UTC


Equity Residential, the prominent real estate company listed under the ticker EQR in the New York Stock Exchange, has recently announced that its board of trustees has declared dividends for the fourth quarter on both its common and preferred shares. This decision further consolidates the company's reputation for providing steady returns to its shareholders.
The com...

Equity Residential

Unprecedented Lapse in Profitability Amidst Surging Operations: An In-depth Analysis of Equity Residential's Financial Performance



Equity Residential (NYSE: EQR), a prominent Real Estate Investment Trust (REIT), recently disclosed its financial results for the third quarter of 2023, revealing a decline in earnings per share (EPS) despite an increase in revenue. This article aims to interpret the facts surrounding the company's financial performance, highlighting key figures and trends.
Financial Facts:
1. Revenue Growth: Equity Residential's revenue for the third quarter of 2023 increased by 4.167% to $724.07 million compared to $695.10 million in the same period the previous year.
2. Declining EPS: The company experienced a significant drop in EPS, plummeting by -47.67% to $0.45 per share, compared to $0.86 per share in the third quarter of 2022.
3. Business Gain Relative to Sector: Equity Residential's business gain came in lower than the REIT sector's average growth of 4.76% in the third quarter of 2022.
4. Net Profits: Net profits for the third quarter of 2023 fell by -45.91% to $181.286 million, compared to $335.165 million in the corresponding period the prior year.






 

Equity Residential's Segments
 
Southern California
 Segment     of total Revenue
New York
 Segment     of total Revenue
Denver
 Segment     of total Revenue
San Francisco
 Segment     of total Revenue
Seattle
 Segment     of total Revenue
Washington DC
 Segment     of total Revenue
South Florida
 Segment     of total Revenue
Boston
 Segment     of total Revenue
Other 
 Segment     of total Revenue
 
• View Complete Report

Equity Residential's Operating Statistics Decrease / Increase
       
Top 20 Markets Apartment Units     
Top 20 Markets Occupancy (%)     
Top 20 Markets Avg. Rental Rate ($)     
All Other Markets Apartment Units   All Other Markets Apartment Units Decline   
All Other Markets Occupancy (%)   All Other Markets Occupancy (%) Decline   
All Other Markets Avg. Rental Rate ($)    All Other Markets Avg. Rental Rate ($) Growth   
Total Markets Apartment Units   Total Markets Apartment Units Decline   
Total Markets Occupancy (%)     
Total Markets Avg. Rental Rate ($)    Total Markets Avg. Rental Rate ($) Growth   
Los Angeles Average Rent per Month $    Los Angeles Average Rent per Month $ Growth   
San Francisco Average Rent per Month $    San Francisco Average Rent per Month $ Growth   
Seattle Average Rent per Month $    Seattle Average Rent per Month $ Growth   
New York Average Rent per Month $    New York Average Rent per Month $ Growth   
Boston Average Rent per Month $    Boston Average Rent per Month $ Growth   
Orlando Average Rent per Month $   Orlando Average Rent per Month $ Decline   
Washington DC Average Rent per Month $    Washington DC Average Rent per Month $ Growth   
San Diego Average Rent per Month $    San Diego Average Rent per Month $ Growth   
South Florida Average Rent per Month $    South Florida Average Rent per Month $ Growth   




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